Ask Colin

Do you have a view on a US program called Technifilter plus, available via Brightspark in WA.

I have no knowledge of this software or the company selling it. I suggest that you:

1. Read the ASIC warnings about computerised trading software on their web site.

2. If this is black-box trading software, check with ASIC whether Brightspark is licensed as an adviser.

3. Be very careful. If claims that are "too good to be true" are made, then be aware that they usually are. Insist on seeing actual audited evidence that the software and system works.

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